Colowide Co.,Ltd. announced that it expects to receive ¥9 billion in funding from Custody Bank of Japan, Ltd.
July 27, 2020
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Colowide Co.,Ltd. (TSE:7616) announced a private placement of 90 new non-voting preferred shares at price of ¥100,000,000 per share for the gross proceeds of ¥9,000,000,000 with Custody Bank of Japan, Ltd. on July 28, 2020. The company will security through third party allotment. The transaction is expected to close on August 20, 2020.
COLOWIDE CO., LTD. is a Japan-based company mainly engaged in the restaurant business. The Company has four business segments. The COLOWIDE MD segment is engaged in the operation of TETUSKURI IZAKAYA AMATARO, YUSYOKUZAMMAI NIJYU-MARU and other restaurants, as well as the development, procurement, manufacture and logistics of various food products. The ATOM segment is engaged in the operation of NIGIRI NO TOKUBE, SUTEKI MIYA and other directly managed restaurant chains, as well as the franchise (FC) restaurant business. The REINS International segment is engaged in the recruitment and management guidance of franchisees, as well as the planning and sale of products. The Kappa Create segment is engaged in the operation of directly managed sushi restaurants under the name Kappa Sushi, as well as the delicatessen business. The Company is also engaged in the development and sale of self-order total systems for restaurant business, as well as the wholesale and processing of marine products.